Parag Milk Foods Ltd. formed a clear descending trendline with multiple rejections, confirming sustained selling pressure. On the 1-hour chart, price finally **broke above the trendline**, signaling a potential change in short-term trend. The breakout came after consolidation near the lows, indicating reduced downside momentum. If price sustains above the breakout zone, it may lead to a **relief rally or trend reversal**, with proper stop-loss below recent support.
Swing Trade Details:
- Share: Parag Milk Foods Ltd.
- Share Price: 292.00 – 306.00
- Trade Type: Trendline Breakout
- Upside Potential: 26.00%
